It is also the first time Cruise has done so in his four-decade-long career.
The sequel to the 80s classic took a mere 31 days to hit the $1 billion mark, the report noted.
Its total box office figure is estimated to be $1,006,000,000.
That profit can be broken down into more than $521 million in domestic sales and over $484 million in international sales, the report noted.
The film’s success comes despite it not being released in China or Russia.
Top Gun: Maverick hit theaters on May 27.